SINEGY Receives Full Approval from Securities Commission to Operate a Crypto Exchange

SINEGY announced that it has been granted full approval by the Securities Commission Malaysia to operate its Digital Asset Exchange (DAX) platform in Malaysia. SINEGY is a homegrown crypto exchange based out of Penang, and it was previously included in the list of top 20 fintechs in Malaysia. This announcement follows their initial conditional approval as a Recognised Market Operator (RMO) in June 2019. As part of the Companys relaunch efforts, they introduced a brand-new corporate identity including Marketplace, the DAX platform which allows for the trading of Bitcoin and Ether against the Malaysian Ringgit. Existing clients can login and experience a new trading platform, while new clients can submit their details for personal and corporate account registrations. SINEGY is the second platform to go live with regulator approval following Luno, which received its approval in October 2019.